Following a remarkable month of tremendous upside, shares of electric vehicle upstart Mullen Automotive (NASDAQ:MULN) cooled off on Thursday afternoon. Late last month, Mullen announced that it would deliver its urban commercial delivery vehicle to the European market. Although the move presents potential upside opportunities for MULN stock, it also carries risks amid an uncertain economic environment.
On Dec. 22, Mullen disclosed in its press announcement that I-GO Commercial Urban Delivery EV arrived in Europe . . .